r/Wealthsimple_Penny

Posted on behalf of Excellon Resources inc. - (TSXV: EXN | OTC: EXNRF | FSE: E4X2) is advancing toward a near-term production restart at Mallay, supported by a ~C$22M upsized financing priced at a premium (C$0.60/share, no warrants)—a clear signal of institutional conviction.

Capital with purpose:

• Mallay restart: Targeting potential summer production in Peru

• Exploration growth: 10,000m drill program focused on Footwall and Shafra zones

• Fully funded: Covers both development and near-term expansion catalysts

Mallay – high-grade, restart-ready (NI 43-101):

• Indicated: 890kt @ 195 g/t Ag, 3.33% Pb, 4.83% Zn

• Inferred: 362kt @ 149 g/t Ag, 2.67% Pb, 4.32% Zn

• Total:

– 12.01 Moz AgEq @ 420 g/t (Indicated)

– 4.00 Moz AgEq @ 344 g/t (Inferred)

• >500% increase in indicated silver vs historical estimates

• Built on 166,000m drilling + 22,700m channel sampling

• Conservative ~US$30/oz silver pricing

With a fully permitted 600 tpd operation, Mallay offers a capital-efficient restart pathway, now supported by a strengthened balance sheet and active drilling.

Excellon is positioning Mallay as a modern, high-grade silver-polymetallic operation, with clear catalysts tied to production, resource growth, and continued exploration success.

https://www.excellonresources.com/

Posted on behalf of Kodiak Copper Corp. - Today, Kodiak Copper Corp. (Ticker: KDK.v or KDKCF for US investors) outlined its 2026 exploration strategy for the fully owned MPD copper-gold porphyry project in southern British Columbia. 

The program is scheduled to begin later this month and is designed to both expand the existing mineral resource and advance a growing pipeline of targets across the broader property. 

MPD's initial mineral resource estimate, released in December 2025, brings together seven deposits and totals: 

• Indicated: 82.9Mt at 0.39% CuEq, containing 519Mlb copper and 0.39Moz gold (see KDK’s December 9, 2025 news release)
• Inferred: 356.3Mt at 0.32% CuEq, containing 1,889Mlb copper and 1.28Moz gold (see KDK’s December 9, 2025 news release)

All of the deposits (West, Adit, South, Gate, Ketchan, Man, and Dillard) remain open, providing multiple opportunities for expansion. 

Drilling in 2026 is expected to start at Ketchan, with additional follow-up work planned across several of the other deposits over the course of the year.

https://preview.redd.it/2ahgdwapbnvg1.jpg?width=768&format=pjpg&auto=webp&s=a122a808757573e836db103cc2ad59d808bc2641

At Ketchan, a 1.4km-long mineralized system defined by two lobes extends beyond current resource limits. Work completed in 2025 outlined a copper-in-soil anomaly extending over two kilometres, with a priority target identified approximately 400m to the southeast, as well as additional upside between the lobes and in several directions.

At Adit, drilling has identified extensions to the north and west, including mineralization encountered roughly 200m beyond the current resource boundary. One intercept returned four metres grading 0.64% Cu and 0.14g/t Au. Further potential is indicated to the northeast, where soil and geophysical anomalies extend up to 400m and have already returned mineralization.

At Dillard, mineralization occurs within a broader 1km² footprint that remains sparsely drilled. Both western and eastern areas are considered prospective, supported by rock samples grading between 0.4% Cu and 0.8% Cu, along with coincident soil and chargeability anomalies outside the existing deposit limits.

Recent exploration has also expanded the project’s target inventory, with 16 newly identified zones bringing the total to 36 targets across the MPD property. These have been generated through a combination of historical data, recent fieldwork, and AI-assisted targeting through VRIFY.

Dillard East, Star and Tau are priority exploration targets that have not yet been drill tested.

At Dillard East and Star several large 3D induced polarization chargeability features have been outlined, including a two-kilometre-long northeast-trending chargeability high that transects the circular copper-in-soil anomalies defining the targets.

These geophysical and geochemical signatures are further supported by surface sampling, with at least 20 prospecting samples returning grades above 0.3% copper and/or 0.5g/t gold. 

Located along trend from the South deposit, Tau is defined by a copper-in-soil anomaly in an area with limited outcrop exposure. The target is further supported by a coincident VRIFY AI-generated Area of Interest. Additional geophysical work is planned here to refine the target ahead of anticipated drilling.

Speaking on the 2026 exploration plan, President and CEO Claudia Tornquist emphasized both the expansion and discovery potential across the project, noting that KDK is “well positioned to unlock significant value as we execute on this highly impactful exploration program with the aim to meaningfully grow the scale of the project.”

Posted on behalf of West Red Lake Gold Mines Ltd. - is approaching a pivotal re-rating moment as its combined Madsen–Rowan PFS (Q3 2026) integrates multiple value drivers into a single economic update.

https://preview.redd.it/cgxgmhyz4awg1.png?width=1456&format=png&auto=webp&s=0703f09430bc712bee3d291ae64daa5d8b35d17a

What’s about to change:

• More ounces: Rowan infill (Veins 006b & 013) + expanded Madsen stopes

• Lower costs: Hub-and-spoke model and longhole mining efficiencies

• Higher gold price: Prior studies at ~$2,300–$2,500/oz vs. ~$4,700/oz today

Why it matters:

• Higher gold prices don’t just lift revenue—they expand margins, lower cutoffs, and increase mineable tonnes

• Mine design evolves: larger stopes, longer mine life, improved capital efficiency

• Combined modeling captures the full impact of scale + cost + price in one study

What to watch:

• Rowan: pending assays + updated resource (Q2 2026)

• Madsen: 2026 guidance, shaft commissioning (AISC reduction), potential Fork integration

• Economics: first real operating costs + gold price assumptions used in PFS

The Q3 PFS will be the first comprehensive reset of WRLG’s economics post-restart—where gold price, resource growth, and mine optimization converge simultaneously.

The question is not whether the numbers improve—but how materially they reprice the asset.

https://gilbertanalytics.substack.com/p/why-the-numbers-are-about-to-change?r=2q0nu6&utm_medium=ios&triedRedirect=true

Posted on behalf of Black Swan Graphene Inc. - Black Swan Graphene (Ticker: SWAN.v or BSWGF for US investors) is focused on the large-scale production and commercialization of graphene materials designed to enhance performance in high-volume industrial applications while maintaining cost efficiency.

https://preview.redd.it/0f9yohgnl8vg1.png?width=995&format=png&auto=webp&s=bf8caa8398c700f7dd8fd32744c70beb5240ad6a

The company’s proprietary graphene processing technology was developed over more than a decade by Thomas Swan & Co. Ltd, which remains a key shareholder and commercial partner. 

Building on this foundation, Black Swan has introduced seven commercially available Graphene Enhanced Masterbatch (GEM) polymer products aimed at integrating graphene into plastics and related materials.

The company has now entered into a definitive agreement to acquire Falpaco Rubber and Plastics Inc., a Québec-based injection molding specialist, for total consideration of C$12.6 million on a cash-free, debt-free basis, subject to customary post-closing adjustments.

This acquisition aligns with Black Swan’s strategy to move further downstream by incorporating manufacturing capabilities that bring it closer to end customers. 

By adding injection molding to its operations, the company is aiming to support broader adoption of its graphene-enhanced materials while advancing its efforts to scale commercial deployment.

Combining Black Swan’s material and formulation expertise with Falpaco’s manufacturing operations and established customer base is expected to help reduce development timelines and support a more direct transition from product validation to commercial use. The integrated structure is also expected to improve the company’s ability to work with larger industrial clients.

Notably, Falpaco generates approximately C$7.4 million in annual revenue and has achieved a compound annual growth rate of about 7% over the past five years. 

The company serves a range of industrial end markets and operates from Granby, Québec, located roughly 45 minutes southeast of Montréal, employing approximately 45 full-time personnel.

Falpaco also works alongside customers in product development, including design, material selection, and performance optimization, which may support the integration of graphene-based materials into both existing and future products.

The acquisition is expected to close in the second quarter of 2026, at which point Falpaco will become a wholly-owned subsidiary of Black Swan Graphene.

The C$12.6 million purchase price is expected to be funded through:
- C$6.7 million in debt financing
- C$4.1 million in cash on hand
- Approximately C$1.8 million in common shares

To support the acquisition, Black Swan has secured a C$6.7 million credit package from Desjardins Group, consisting of a C$4.7 million term loan and a C$2.0 million revolving operating line of credit.

Full press release here: https://blackswangraphene.com/news/black-swan-graphene-to-acquire-quebec-based-injection-molding-specialist-falpaco-establishing-a-vertically-integrated-platform/

Posted on behalf of Daura Gold Corp. - (TSXV: DGC | OTCQB: DGCOF) is advancing its Phase 1 drill program at the Cerro Bayo Gold-Silver Project in Argentina while integrating AI-driven analytics to sharpen targeting in real time.

https://preview.redd.it/hjjivhfgn7ug1.png?width=550&format=png&auto=webp&s=ba12040d45bfba80a344995b3ebbe2f36904fb71

Drilling progress:

• 14 holes completed across 10 targets, with assays pending

• Step-back drilling underway at Ingrid, Elena, and Eugenia to better define system geometry

• Results expected within the next 4–6 weeks

AI-enhanced exploration:

• Partnership with Geomorphic AI applying real-time data integration and vectoring

• Platform supports:

– Geochemical modelling and anomaly detection

– Pathfinder analysis and spatial targeting

– Continuous drill result integration and re-ranking of targets

• AI agents dynamically update drill targeting as new data arrives, improving precision with each hole

Why it matters:

• Cerro Bayo sits in the Deseado Massif, one of Argentina’s most prolific gold-silver belts

• Combining systematic drilling with AI-driven analytics reduces targeting risk and accelerates discovery cycles

• Step-back holes aim to define scale, not just intercepts

With drilling advancing and AI continuously refining the geological model, Daura is positioning Cerro Bayo as a data-driven exploration program designed to efficiently vector toward scale.

https://www.newsfilecorp.com/release/290836

Posted on behalf of Kodiak Copper Corp. - Today, Kodiak Copper Corp. (Ticker: KDK.v or KDKCF for US investors) provided guidance on its 2026 exploration program at the 100% owned MPD copper-gold porphyry project in southern British Columbia.

The program is set to commence in April and will focus on expanding the 2025 Initial Mineral Resource Estimate while advancing multiple new exploration targets across the district-scale property. The planned program includes ~6,500m of drilling, with potential for expansion, alongside geophysical surveys, soil sampling, prospecting, and mapping.

https://preview.redd.it/2pf5sc9zw8ug1.jpg?width=768&format=pjpg&auto=webp&s=943882c9d3d57cfa5b57e972f1a8645de1936839

Resource Base Highlights
MPD’s inaugural mineral resource estimate consolidates seven deposits: West, Adit, South, Gate, Ketchan, Man, and Dillard. 

The indicated resource totals 82.9Mt at 0.39% CuEq, containing 519Mlb copper and 0.39Moz gold, while the inferred resource totals 356.3Mt at 0.32% CuEq, containing 1,889Mlb copper and 1.28Moz gold (see KDK’s December 9, 2025 news release).

All seven deposits remain open for expansion, and 2026 drilling is expected to begin at Ketchan, with most of the other defined deposits scheduled for follow-up drilling throughout the year.

Resource Growth Across Existing Deposits
Ketchan, Adit, and Dillard each demonstrate clear potential for resource expansion based on drilling, geophysics, and geochemical data.

At Ketchan, a 1.4km-long system defined by two lobes, mineralization extends beyond current resource boundaries, with a 2025 program confirming a copper-in-soil anomaly stretching over two kilometres and highlighting a key target area approximately 400m southeast, alongside additional upside between the lobes and in multiple directions. 

At Adit, results indicate extensions to the north and west, including mineralization intersected roughly 200m beyond the current resource and a drill hole returning four metres of 0.64% Cu and 0.14g/t Au, with further potential to the northeast where soil and geophysical anomalies extend up to 400m and have already returned mineralization.

At Dillard, mineralization spans a broader 1km² envelope with low drill density, where western and eastern areas are considered prospective based on rock samples grading between 0.4% Cu and 0.8% Cu, supported by coincident soil and chargeability anomalies outside the current deposit limits.

Pipeline of New Discovery Targets
Kodiak has identified 16 new exploration targets, bringing the total number of prospective targets at MPD to 36. These include targets generated from historical showings, recent regional exploration, and VRIFY AI-assisted targeting.

Among the priority targets for 2026 are:
- Dillard East and Star: Defined by large 3D-IP chargeability features coinciding with circular copper-in-soil anomalies and supported by at least 20 surface samples grading above 0.3% Cu and/or 0.5g/t Au. These targets remain untested by drilling.
- Tau: Located along trend from the South deposit, characterized by a copper-in-soil anomaly and a coincident AI-generated target. The area has not been drilled, with additional geophysics planned ahead of potential drilling.

Program Strategy and Outlook
Kodiak continues to position MPD as a multi-centre porphyry district with long-term development potential and the 2026 program is structured as a dual-track approach to advance both resource growth at existing deposits and new discovery potential across the MPD project.

Full details here: https://kodiakcoppercorp.com/kodiak-announces-2026-exploration-plans-and-drill-targets-for-the-mpd-copper-gold-project/

Posted on behalf of Golden Cross Resources - Golden Cross Resources (Ticker: AUX.v or ZCRMF for US investors), recently shared that drilling at its Reedy Creek gold project (located just ~10km from Southern Cross Gold’s Sunday Creek discovery) hit high-grade gold up to 27 g/t Au.

https://preview.redd.it/b9f9jfroymvg1.png?width=953&format=png&auto=webp&s=31e000e2e57f86e4efe6be5542bfb0ed11271ccd

The headline results come from the Aurora Prospect, where maiden drilling has identified high-grade, near-surface gold shoots within the broader mineralised system.

Recent drilling at Aurora has returned high-grade shallow intercepts, including 0.4m @ 27 g/t Au from 80.07m and 0.3m @ 5.35 g/t Au from 84.5m. 

These results highlight the presence of near-surface high-grade shoots within a broader mineralised system. 

Additional intercepts from Aurora included 7m @ 1.24 g/t Au from 69m, including 1m @ 5.82 g/t Au, supporting the continuity of mineralisation. 

The drilling intersected multiple gold-bearing tension veins associated with a primary shear zone, aligning with the Company’s structural interpretation and indicating fluid flow within the shear and dilation along its margins.

At Welcome Reef, the first prospect drilled by AUX outside the core Reedy Creek corridor, results show that mineralisation extends across parallel structures.

Assays included 2.7m @ 1.19g/t Au from 378m, including 0.7m @ 3.65g/t Au, along with additional lower-grade intervals.

These findings suggest that mineralising processes are present across multiple anticlinal trends, expanding the exploration footprint beyond previously defined zones.

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Drilling at Empress Reef returned 0.6m @ 2.75g/t Au from 116.8m and intersected visible stibnite alongside gold mineralisation. This observation supports the presence of arsenic–antimony zonation within the system, consistent with the Company’s exploration model. 

Across Aurora, Welcome Reef, and Empress Reef, the Company noted consistent geological signatures that support repeatability and extension of mineralisation. These results reinforce the interpretation of a broader, potentially district-scale gold system.

To refine targeting, Golden Cross is integrating geophysical techniques including induced polarization (IP) and magnetics, alongside 3D LiDAR scanning of historical underground workings. 

These tools are being used to better define structural controls, vein geometry, and sulphide distribution, with the goal of improving drill targeting efficiency across the project.

Drilling is expected to resume in late April following completion of the pilot geophysical program and will include testing deeper extensions below historic workings at Aurora.

Full details here: https://goldencrossresources.com/golden-cross-reports-results-up-to-27g-t-au-from-maiden-drilling-at-aurora-and-provides-exploration-update/

Posted on behalf of Corcel Exploration Inc. - Corcel Exploration Inc. (Ticker: CRCL.c or CRLEF for US investors) has begun a Phase 1 drill program at its Yuma King Project in Arizona, marking the next step in a structured exploration strategy that combines geophysical surveys with targeted drilling to advance its copper-gold system.

The fully permitted campaign is expected to total approximately 1,500m of diamond drilling across 6 to 8 drill sites. This initial phase is designed to evaluate both historically identified mineralization and additional targets generated through integrated datasets.

Geophysics Integration

Ahead of drilling, Corcel completed a 10 line-kilometre 2D pole-dipole induced polarization (IP) survey across priority areas, including Yuma King Mine and Yuma King West.

Interpretation of the IP data is ongoing, and results will be incorporated into drill targeting as they become available, supporting a data-driven approach to exploration.

Objectives of the Drill Program

The newly commenced drill program is structured to address several key exploration goals. It aims to verify historical drilling results while confirming previously reported mineralized intervals and testing the extension of known zones both along strike and at depth.

The company is also targeting newly defined areas derived from combined geophysical and geochemical analysis and assessing the potential for a porphyry system beneath the known skarn mineralization, while evaluating the overall continuity and potential scale of the broader Yuma King system.

https://preview.redd.it/84ckqig2hotg1.jpg?width=743&format=pjpg&auto=webp&s=d1b7ea6086a7c250799a067380e7b3d6a8081aa4

Target Areas and Geological Context

Drilling efforts are concentrated around the Yuma King Mine and nearby target zones, where both historical and more recent work have identified copper-gold skarn mineralization associated with a larger porphyry setting.

The mineralized system remains open along strike, at depth, and across multiple target corridors. This program represents an early-stage step toward understanding the full extent and scale of mineralization across the project.

Posted on behalf of Kenorland Minerals Ltd. - Kenorland Minerals Ltd. (Ticker: KLD.v or KLDCF for US investors) recently announced the commencement of its Phase 3 diamond drill program at the South Uchi Project in Ontario’s Red Lake District, advancing exploration alongside its partner Auranova Resources Inc.

The Spring 2026 program will consist of up to 3,000m of drilling across six holes at the Papaonga target. This phase is designed to follow up on a gold-bearing structural corridor identified during the Fall 2025 campaign, with drilling focused on large step-outs to the east and west to test the corridor’s strike extensions beneath deep glacial cover. Kenorland remains the operator of the project.

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Expanding a Newly Identified Gold Corridor
The drill program is centred on extending a mineralised corridor intersected in prior drilling, where an approximately 200m-wide zone showed:
- Strong deformation and structural complexity
- Sericite-albite-silica alteration
- Disseminated sulphide mineralisation
- Mafic to felsic volcanic stratigraphy with feldspar porphyry intrusions

Within this corridor, multiple 10m-scale intervals returned anomalous gold values, supporting the potential for a broader mineralised system.

Drilling will be conducted in fences spaced roughly 1km apart, stepping out from previous intercepts to evaluate continuity along strike. Regional magnetic interpretation has outlined this structure as an east-west trending deformation zone, largely concealed beneath till and glaciolacustrine cover.

Additional surface sampling north of the corridor returned values of up to 14.4 g/t Au, further reinforcing the area’s prospectivity.

Geological Setting and District Context
The South Uchi Project covers a structurally significant region within the Confederation Assemblage, near the boundary between the Uchi and English River subprovinces. This setting is characterised by major east-west deformation zones associated with shearing and folding—features commonly linked to orogenic gold systems.

While much of the Red Lake District’s historical deposits are located along the northern margin of the Confederation Assemblage, more recent discoveries along the southern margin support broader regional potential. The project itself was originally identified and staked by Kenorland in an area that had seen limited historical exploration.

Partnership Structure and Project Ownership
Kenorland entered into an option agreement with Auranova in December 2024, under which Auranova has now earned a 51% interest in the project. Key terms include:
- $500,000 in cash payments (received by Kenorland)
- Minimum $8,000,000 in qualifying expenditures or 15,000m of drilling within two years
- Equity participation in Auranova

Auranova may increase its interest to 70% by spending an additional $10,000,000 in qualifying expenditures. Kenorland will retain a 30% carried interest through to a Preliminary Economic Assessment, after which a joint venture will be formed.

In addition, Kenorland holds a 2% net smelter return (NSR) royalty on the project.

Company Strategy
Kenorland Minerals Ltd. is focused on early-stage project generation across North America, advancing greenfields exploration through systematic programs funded primarily via partnerships. This model allows the company to retain exposure through carried interests and royalties while leveraging partner capital for advancement.

The Phase 3 program at South Uchi represents a continuation of this strategy, targeting expansion of a newly identified gold system within a district known for high-grade deposits.

Full update here: https://www.kenorlandminerals.com/news/kenorland-minerals-and-auranova-resources-commence-spring-drill-program-at-the-south-uchi-project-ontario

Posted on behalf of Heliostar Metals Ltd. - Heliostar Metals Ltd. (Ticker: HSTR.v or HSTXF for US investors) is a growing gold producer with operating mines at La Colorada and San Agustin in Mexico, where current production is being leveraged to fund ongoing exploration and expansion work across its portfolio. 

The company is advancing toward a target of 500,000oz of annual production by the end of the decade, with a strategy centred on reinvesting cash flow into resource growth and project development, including advancing Ana Paula and adding assets such as the Goldstrike Project in Utah.

Recent San Agustin Drill Results 
Heliostar recently released initial drill results from the 2026 program at its 100%-owned San Agustin Mine in Durango, Mexico, outlining oxide gold mineralization extending beyond the current reserve pit limits. The results align with the company’s focus on adding oxide ounces to extend mine life, strengthen cash flow, and support ongoing production growth alongside development of Ana Paula.

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Drilling Highlights and Expansion Potential
The Corner Expansion Zone returned the strongest results to date, including:

• 35.1m at 0.40 g/t AuEq
• 19.8m at 0.60 g/t AuEq
• 30.5m at 0.64 g/t AuEq

Mineralization has now been traced across a 200m corridor from the pit edge and remains open. These intercepts are noted as comparable to material in the current mine plan, which benefits from a low strip ratio of 0.9:1 that supports cash flow generation.

Elsewhere, drilling in the Phase 3 SW Zone confirmed extensions beyond the existing pit design, with intercepts including:

• 15.2m at 0.27 g/t AuEq
• 13.7m at 0.31 g/t AuEq

Program Expansion and Ongoing Work
Following these early results, the company increased its 2026 drilling target from 10,000–15,000m to 15,000–18,000m and mobilized a second drill rig to accelerate progress. Additional targets planned for testing include Phase 5, MKT-2, La Isla, and Phase 7.

To date, 75 drill holes totaling 7,230m have been completed.

Outlook
The expanded drill program is expected to contribute toward an updated resource estimate and economic assessment focused on extending the San Agustin mine life. With drilling continuing and further results anticipated in Q2 2026, the program is positioned to define additional oxide resources and assess potential pit expansions that could extend operations and generate cash flow to support continued production growth and construction of Ana Paula.

At a broader level, the San Agustin drill program reflects Heliostar’s strategy of using cash flow from its producing operations to fund exploration and resource expansion across its portfolio. With La Colorada and San Agustin generating cash flow, the company is working toward its goal of reaching 500,000oz of annual output by the end of the decade through developing assets such as Ana Paula and expanding its portfolio through acquisitions, including Goldstrike.

Posted on behalf of NexGold Mining Corp. With high-density drilling underway and broader development work advancing in parallel, NexGNexGold is systematically increasing confidence in Goldboro’sasset toward a potential construction decision in 2026.

Program focus:

• Targeting near-surface zones (~50m depth) scheduled for early production

• Tight 12.5m drill spacing to significantly increase data density

• Designed to upgrade resources from Indicated → Measured

Why RC drilling matters:

• Better reflects production conditions and dilution

• Provides higher-confidence data for mine planning

• Enhances reliability of the resource model ahead of development

Built on a strong foundation:

• Program leverages 180,000m+ of historic diamond drilling

• Incorporates 58,000m of additional drilling completed since 2021

• Focused on de-risking the earliest years of the mine plan

Parallel de-risking underway:

• Ongoing engineering, environmental, and permitting work

• Continued engagement with the Mi’kmaw of Nova Scotia

• Assay results expected through Q3 2026 to support technical updates

With high-density drilling underway and broader development work advancing in parallel, NexGold is systematically increasing confidence in Goldboro’s resource and positioning the project for a near-term build decision.

https://www.reddit.com/r/PennyStocksCanada/comments/1s4ptlk/30000m_infill_drill_program_initiated_at_goldboro/

Loyalist is expanding its footprint in the Timmins Mining District with 26 newly staked, contiguous claims at Loveland—further strengthening its position in a highly prospective nickel-copper-gold corridor.

 This strategic addition builds on an already promising land package, enhancing exploration potential along key geological trends. With strong historical results and growing scale, Loyalist continues to execute on its “Buy Timmins, Mine Timmins” strategy.

The plan is pretty straightforward: start with an օդborne geophysical survey to map what’s underground, follow it up with some on-the-ground prospecting, and then move into drilling based on what they find. 

Total budget is around C$1.1M — a structured, step-by-step way to advance the project:

Posted on behalf of Daura Gold Corp. - Today, Daura Gold Corp. (ticker: DGC.v or DGCOF for US investors) provided an update on its Phase One diamond drilling program at the Cerro Bayo Gold-Silver Project in Santa Cruz Province, Argentina, alongside details on its use of AI-supported analytics for drill targeting.

The Company, which is listed on the TSXV and focused on exploration in Peru and Argentina, is currently advancing drilling within the Deseado Massif, a prolific gold-silver district that hosts producing operations such as Newmont’s Cerro Negro and Hochschild Mining’s San Jose.

Project Positioning and Broader Portfolio
Daura is advancing the Cerro Bayo Project under an earn-in agreement, which allows the Company to earn up to an 80% interest. The project is situated in a well-established mining region with existing infrastructure and multiple producing and past-producing operations.

Beyond Argentina, Daura also maintains a portfolio in Peru’s Ancash region, where it holds a 100% interest in over 16,900 hectares of exploration concessions, including the Antonella and Libelulas targets.

Phase One Drilling Progress at Cerro Bayo
Daura reported that it has completed 14 diamond drill holes across 10 targets as part of its Phase One program. 

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Assays from these holes are currently pending, with results expected within the next 4–6 weeks.

In addition to the completed holes, the Company has commenced drilling three step-back holes at the Ingrid, Elena, and Eugenia target areas. 

These step-back holes are designed to provide broader geological context and improve understanding of the mineralized system, which will help guide subsequent drilling phases.

Management indicated that stepping back from earlier holes is intended to refine interpretation of the system rather than immediately tightening drill spacing, reflecting a methodical approach to defining targets.

AI-Supported Targeting with Geomorphic Platform
Parallel to fieldwork, Daura continues to integrate AI-driven analytics through its collaboration with Geomorphic AI. 

The platform is being used to support drill targeting through several technical functions:
- Geochemical baseline analysis and pathfinder modelling
- Spatial vectoring and anomaly detection
- Target ranking and scoring
- Real-time integration of incoming drill data

The system uses specialized AI agents to process multi-element datasets, identify anomalies, and continuously update targeting models. As assay results are received, the platform cross-validates them against surface geochemistry models and adjusts recommendations accordingly.

Additionally, Geomorphic has developed custom tools for the program, including assay bulletins and a scored blind-target catalogue, which supports prioritization of future drill collar locations. This creates a continuous feedback loop where each drill result informs and refines subsequent targeting.

Full news here: https://www.dauragold.com/daura-gold-provides-an-update-on-drilling-at-cerro-bayo-ai-supported-analytics-for-drill-targeting

Posted on behalf of Minaurum Silver Inc. - Minaurum Silver Inc. (Ticker: MGG.v or MMRGF for US investors) is a precious and base metals explorer focused on advancing its 100%-owned, production-permitted Alamos silver project in Sonora, Mexico.

Today, the company reported high-grade drill results from the Quintera and Europa vein zones as part of its ongoing Phase II 50,000-metre resource expansion program at Alamos.

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The results highlight continued success in expanding mineralization beyond the initial mineral resource estimate, which totals 55 million ounces AgEq inferred (as reported in MGG's January 28, 2026 press release).

At the Quintera vein zone, drilling returned 5.30m of 570 g/t Ag (633 g/t AgEq), including 2.50m of 1,024 g/t Ag (1,120 g/t AgEq) in hole AL26-180W, along with 5.80m of 581 g/t Ag (658 g/t AgEq) in hole AL26-188.

These intercepts come from areas surrounding the historic La Quintera mine, which historically operated along approximately 800m of strike and to depths of 500m before closing in 1908 due to declining silver prices, despite remaining in mineralization (see MGG's December 14, 2016 and February 6, 2020 press releases).

Quintera represents a key addition to the broader Alamos system, as it was not included in Minaurum’s inaugural mineral resource estimate and is expected to be incorporated into the next update. 

Drilling targeted both the hanging wall and footwall zones near historical workings, confirming the presence of high-grade silver mineralization with continuity.

At the Europa vein zone, step-out drilling to the south continues to expand the Europa Sur system. 

Recent results include 1.10m of 305 g/t Ag (449 g/t AgEq) in hole AL26-185, and 2.35m of 199 g/t Ag (251 g/t AgEq), including 0.60m of 701 g/t Ag (828 g/t AgEq) in hole AL26-186. 

These results build on previously reported intercepts, including 12.35m of 408 g/t AgEq from hole AL25-163 (see MGG's February 10, 2026 press release), supporting ongoing expansion along strike.

The company is currently operating six drill rigs at Alamos, with work focused on both expanding mineralization at key vein systems—Europa and Promontorio-Travesia—and advancing resource definition at San Jose, Quintera, Cotera-Pulpito, and Minas Nuevas. 

The program is fully funded and designed to support an updated mineral resource estimate targeted for the second half of 2026.

Management highlighted that consistent high-grade results across multiple vein zones, including the newly tested Quintera zone, reinforce the scale and continuity of mineralization across the Alamos project. 

The current drilling campaign continues to systematically expand the resource base both along strike and at depth, positioning the project for its next stage of development.

Full news here: https://minaurum.com/news/2026/minaurum-drills-high-grade-silver-on-the-quintera-vein-zone-at-the-alamos-silver-project-5.30-m-of-570-g-t-ag-including-2.50-m/

Aztec Minerals just dropped another update out of Tombstone and it’s starting to look like they’re actually building scale, not just chasing high-grade hits.

Latest drilling is expanding the near-surface oxide gold-silver zone, and importantly, it’s still open. That matters because this isn’t deep, expensive drilling, this is the kind of material that could support open-pit, heap leach economics if it keeps growing.

What stands out:

• Mineralization continues to expand beyond the historical Contention pit
• Shallow intercepts = lower potential cost profile
• Ongoing drilling targeting both expansion and new zones
• Working toward a maiden resource, not just more holes

This is all happening at their Tombstone Project in Arizona, where they already control a large portion of a historic mining district that produced high-grade silver and gold back in the day

Nevada Organic Phosphate ($NOP / $NOPFF) just started its 2026 drill program at Murdock Mountain in NE Nevada, and importantly, all wildlife and sage-grouse surveys are done and approved.

Pads are being finished now, with drilling focused on expanding the phosphate zone along strike and tightening up continuity, thickness, and grade.

A few things that stand out:

• Shallow, road-accessible phosphate horizon
• Consistent mineralization from 2025 drilling
• Program is staying on schedule despite contractor changes
• Focus is moving toward building out a more defined resource